subject: Buying A Toronto Loft The Easy Way [print this page] They were most likely built in the older factories and warehouses and their unique features which are short of interior wall and high ceiling. Here some tips when you are looking for pre-construction lofts in Toronto city.
The first thing is to find the well qualified real estate agent who had great skill of buying and selling Toronto lofts and condos.
Check each building very carefully. Not every builder is same some of them have well established in the market or some are just developers. So, check out if the building is well maintained or not. General areas are owned by all loft owners so when you purchase a loft you should know about this. Try to find out how many lofts have been occupied by the owners. If the lofts have been rented by the owner or the lofts have been owned by the builder will make the negative impact on your loft value.
As a loft owner, you will become a member of lofts owner association. You can be the part of common area maintenance, taken care of dues which are known as maintenance fee which is collected by the association every month. Make sure you find out exactly what your monthly charges include and why every year the maintenance fee will rise. Some new lofts offer lees maintenance fee to attract buyers but later on it should increase every year. The loft association put some conditions and restrictions in the building.
How your building was insulated is another thing to consider. It will impact on your cooling and heating cost. You should also check the noise of insulation which is placed on every floor is that it is soundproof or not. If it is not then it may be irritating for living in that building because you may hear the noises all day long.
If you owned a vehicle you should know about the parking space. Assigned parking space will come with the lofts in some Toronto lofts and condo complexes. An another choice known as "right to use" is to possess a parking lot allotted to your loft however it'll vary every day. Make sure that you simply check up on the car park particularly if you drive an oversized SUV or minivan. Some parking spots square measure designed for smaller cars and should not suit your oversized vehicle.
by: Atty Kss
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